Markets

TCM Limited Board Meeting Scheduled to Discuss Q1 Financials and FY25-26 Reports TCM Limited, formerly known as Travancore Chemical & Mfg. Co. Ltd., has scheduled a meeting of its Board of Directors to review the company's performance for the quarter ended June 30, 2026. The Board Meeting is set to take place on Thursday, August 13, 2026, at 10:30 A.M. at the Registered Office of the Company.The agenda for the meeting includes the consideration and approval of several critical items. Key among these matters are the Consolidated and Standalone Unaudited Financial Results for the quarter ended June 30, 2026. Additionally, the directors will review and approve the Directors Report, Corporate Governance Report, and Secretarial Auditors'...

Manipal Health IPO Bids See Subdued Response; Grey Market Suggests Potential Listing Gain as Healthcare Demand Rises The initial public offering (IPO) of Manipal Health Enterprises witnessed a measured response on Day 2 of bidding. As of 10:30 am on July 30, the issue stood at 16 percent subscription on the National Stock Exchange (NSE). This multi-specialty healthcare provider offers an opportunity to investors following steady business expansion and a strong operational footprint.IPO Subscription Details and Market Reception The public offer for Manipal Health Enterprises has been set with a price band ranging from Rs 560 to Rs 590 per equity share. The total offering amounts to Rs 9,275 crore. Investor allocation shows that Retail...

Ashoka Metcast Limited Appoints Ankur Rastogi as Company Secretary and Compliance Officer Ashoka Metcast Limited has appointed Mr. Ankur Rastogi as its Company Secretary and Compliance Officer (KMP). The appointment was made following a board meeting held on July 29, 2026, with the role taking effect immediately.Mr. Ankur Rastogi, holding Membership No A62976, has been designated to serve as the Company Secretary & Compliance Officer. This appointment completes the process of assigning a key managerial personnel (KMP) for the function.The company profile details indicate that Mr. Rastogi is a Qualified Company Secretary, a Law Graduate, and a Commerce Professional. He brings over eight years of experience in corporate compliances...

Ansal Housing Limited Details Project Funding Default and Financial ObligationsOn July 30, 2026, details regarding the defaults on interest and principal repayment for loans received from financial institutions by Ansal Housing Limited were presented. The company outlined its current debt obligations concerning project funding with a specific lender.The default pertains to project funding obligations held by Suraksha Asset Reconstruction Private Limited, acting in its capacity as Trustee of Suraksha ARC-034 Trust. The default occurred on June 30, 2026.Regarding this specific obligation, the current default amount stands at Rs. 78.26 Crores for principal, with no outstanding interest reported.The full details of the project...

Mangal Electrical Industries Reports Q1 FY27 Results; Revenue Reaches 125.8 Crs Amid Market Shifts Mangal Electrical Industries Limited, specializing in transformer components and power infrastructure services, has reported its unaudited financial results for the quarter ended June 30, 2026. The company demonstrated strong operational performance while navigating market complexities in critical raw materials.The consolidated financials for Q1 FY27 indicate robust growth across key metrics. Revenue from Operations stood at 125.8 Crs, significantly up from 89.7 Crs in the same quarter of FY26. The company's Earnings Before Interest, Depreciation, and Amortization (EBITDA) was reported at 11.1 Crs, translating to an EBITDA margin of 8.8%...

Bharti Hexacom Receives Notice from DoT Imposing Penalty for Alleged Subscriber Verification ViolationsBharti Hexacom Limited has received a notice from the Department of Telecommunications (DoT) concerning alleged violations related to subscriber verification norms, which includes a penalty of Rs. 252,000.The notice was received by the company on July 29, 2026, at 1119 Hrs IST. The matter concerns the operational requirement under the License agreement, stipulating that the company must ensure adequate verification of customers before enrolling them as subscribers and comply with instructions issued by DoT regarding this process.The alleged contravention stems from a Sample Application Form Audit (CAF Audit) conducted by DoT for...

Purple Finance Ltd to hold Board Meeting on August 6, 2026, to consider wide-ranging fundraising proposal Purple Finance Limited has announced that its Board of Directors will convene a meeting on Thursday, August 06, 2026. The meeting is scheduled to take place at the Company’s Corporate Office.The primary agenda item for the Board includes considering and evaluating a major proposal for fund raising. This fundraising initiative involves the issuance of various securities, including equity shares, preference shares, warrants, or other eligible securities. These funds can be raised through several permissible modes as permitted under applicable laws, such as rights issue, qualified institutions placement, preferential issue, or any...

Jindal Drilling Secures Major Contract with ONGC for Rig Deployment Jindal Drilling & Industries Ltd has been awarded a contract by the Oil & Natural Gas Corporation Limited (ONGC) for the deployment of its rig, Jindal Pioneer. The contract involves the deployment of the drilling rig over a period of three years.The terms of the award include an Effective Day Rate (EDR) set at Rs. 45,83,215.16, which is equivalent to USD 47,893.99. The contract was secured from the domestic entity, ONGC, for the deployment of the rig.Jindal Drilling & Industries confirmed that Rig Jindal Pioneer is currently undergoing refurbishment. Consequently, the commencement of the contract is expected in Q3 FY27.The key details regarding this contract...

MTAR Tech Surges Amid Profit Explosion After Quadrupling Q1 Net Income; Nuclear Sector Opportunities Shine Brightly MTAR Technologies shares shot up by 5% on Thursday, reaching the upper circuit at Rs 5,442. This strong performance snapped a challenging four-day losing streak for the company. The rally follows the release of outstanding Q1 results, which showcased explosive growth across key operational metrics.The tech firm reported a colossal 364.5% year-on-year jump in its Q1 net profit. Net profits soared to Rs 50.2 crore from just Rs 10.8 crore during the corresponding period. This dramatic turnaround signals robust business momentum and effective cost management by the company.Operational Performance Outpaces Expectations MTAR...

Gujarat Pipavav Port Ltd to Hold Board Meeting to Review Q1 Financial ResultsGujarat Pipavav Port Limited has announced the convening of its Board Meeting to review the company's Unaudited Standalone and Consolidated Financial Results for the quarter ending June 30, 2026.The meeting is scheduled for Wednesday, August 12, 2026. During the Board meeting, the management will consider the financial performance of the company as of the end of the first quarter of the fiscal year 2026.Following the consideration of the quarterly results by the Board, Gujarat Pipavav Port Ltd has scheduled a post-earnings Analyst/Investor call. This session is slated for Thursday, August 13, 2026, at 10:00 Hrs.GPPL Stock Price Movement As of 10:41 AM...

Heritage Foods Ltd Receives ESG Rating from ESG Risk Assessments & Insights Limited Heritage Foods Ltd has received an ESG rating assigned by M/s. ESG Risk Assessments & Insights Limited. This rating was provided as part of the annual ESG review process conducted by the ESG rating provider.The ranking, which is publicly available, places Heritage Foods Ltd at a score of 59.M/s. ESG Risk Assessments & Insights Limited determined this ESG Rating based on information available in the public domain. The company clarified that it did not engage M/s. ESG Risk Assessments & Insights Limited for obtaining this specific rating; rather, the assessment was assigned independently by the ESG Rating Provider.The details regarding the ESG Rating...

Vedanta Limited Receives ESG Rating of 59 from CRISIL Ratings Vedanta Limited has received an independent Environmental, Social, and Governance (ESG) rating from CRISIL ESG Ratings & Analytics Limited. The ratings assessment assigned a score of 59 to the company, placing it within the Adequate category.CRISIL ESG Ratings & Analytics Limited, a subsidiary of CRISIL Ratings Limited and a SEBI registered ESG Rating Provider, issued the evaluation for Vedanta.The rating was conducted independently, confirming that Vedanta Limited had not engaged CRISILESG for the purpose of obtaining this specific assessment.Key details regarding the ESG rating are as follows:MetricDetailsCompanyVedanta LimitedRating ProviderCRISIL ESG...

CARE Ratings Downgrades Gujarat Alkalies and Chemicals' Long Term Bank Facilities to AA-; StableGujarat Alkalies and Chemicals Ltd. (GACL) received a credit rating review from CARE Ratings Limited regarding its bank facilities and commercial paper issue, which was conducted on July 29, 2026. According to the ratings released by CARE, GACL's long term bank facilities were downgraded, while the short term bank facilities and the Commercial Paper (CP) issue received reaffirmed ratings.The rating update reflects a change in the outlook for the company’s long-term debt structure. The Long Term Bank Facilities of Rs. 372.63 Crore were assigned a CARE AA-; Stable rating. This marks a downgrade from its previous rating of CARE AA; Stable...

Madras High Court Sets Aside ₹353.18 Crore Tax Demand Against Indian Railway Finance Corporation Limited The Madras High Court has delivered a significant ruling for Indian Railway Finance Corporation Limited, setting aside an impugned order and recovery notice related to a substantial tax demand. The company learned of the court's decision on July 29, 2026.The Hon'ble Madras High Court passed the order on July 27, 2026, stating that the previous order and recovery notice are set aside. Consequently, the matter has been remanded for reconsideration by the tax authorities.The demand that was set aside related to ₹353.18 crores. This amount was originally raised by the Assistant Commissioner (State Tax), Chennai, concerning ITC...

Varroc Engineering Announces Board Meeting to Approve Q1 Un-audited Financial Results Varroc Engineering Ltd has scheduled a meeting of its Board of Directors to review and approve the Un-audited Financial Results for the quarter ending June 30, 2026. The meeting is set for Thursday, August 6, 2026.The agenda for the board meeting includes considering and approving the company's Un-audited Financial Results, which encompass both Standalone and Consolidated results for the specified quarter, along with other related business matters.In conjunction with this announcement of the financial results, the company provided an update regarding its trading window status. The trading window for dealing in Varroc Engineering Ltd securities was...

Rossell Techsys Achieves Record Performance in Q1 FY27 with 78% Revenue Surge and Strong Market Position Rossell Techsys Limited, a leading provider of high-reliability engineering and manufacturing solutions across the aerospace, defence, semiconductor, and space sectors, announced its unaudited financial results for the quarter ending June 30, 2026. The company reported a record-breaking start to fiscal year 2027, driven by disciplined execution and expanding client engagement.Revenue from Operations surged 78% year-on-year (YoY) to ₹154.71 crore, marking the highest quarterly revenue in the company's history. Profit Before Tax (PBT) saw a dramatic increase of 139% YoY, reaching ₹9.60 crore.The financial performance highlights for...

SAIL Confirms Krakatau Steel MOU for Stainless Steel Venture in Indonesia Steel Authority of India Ltd (SAIL) has clarified that a business agreement with Krakatau Steel, Indonesia, was already widely disseminated through public disclosures prior to certain market reports. The MOU pertains to a joint venture aimed at manufacturing stainless steel slabs in Indonesia.SAIL confirmed signing the legally binding Memorandum of Understanding (MOU) with Krakatau Steel on February 6, 2026. This agreement is intended to explore the possibilities of establishing a Joint Venture dedicated to manufacturing stainless steel slabs in Indonesia.The details surrounding this collaboration were previously made available in the public domain via various...

Redington's Profits Skyrocket! Shares Jump After Net Income Jumps 94% to ₹453 Crore in Q1 FY27 Redington Ltd saw a significant surge on July 30 after announcing robust quarterly results. The company’s shares rose up to 11% at the time of reporting, trading at ₹319.2 apiece (as of 9:52 am). This strong market reaction follows the announcement of Q1 FY27 net profit reaching ₹453 crore, marking a vast improvement from the previous year.Quarterly Profit and Revenue Surge Details Redington reported impressive growth across key financial metrics in its first quarter of FY27. The company's net profit saw an astounding 94% increase, doubling from the ₹233-crore recorded in Q1FY26. Concurrently, revenue experienced a solid rise of 35%...

Xtranet Technologies IPO Explodes: Shares List at Significant Premium Following Massive Subscription Surge Xtranet Technologies witnessed a successful debut on the stock exchanges after its Initial Public Offering (IPO) was concluded between July 23 and July 27. The listing reflected strong investor confidence in the company, with shares being offered at a premium exceeding 7 percent over the initial IPO price. This positive market reception followed an extremely robust subscription period during the primary offering phase.Market Performance on Listing DayThe company's stock performed exceptionally well as it debuted in the market on Thursday. Investors reacted positively to the listing, pushing the share price above the base...

Wanbury Limited Receives Key Clearance from USFDA for Multiple ANDAsWanbury Limited has received the 'No DMF deficiency letter' from the U.S. Food and Drug Administration (USFDA) regarding multiple Abbreviated New Drug Applications (ANDAs). This clearance pertains to formulations utilizing Metformin HCl API sourced by Wanbury for various products.The receipt of this crucial documentation signifies a significant milestone for the company, affirming the status of its applications with the USFDA concerning the relevant ANDAs.In addition to these clearances, Wanbury Limited is actively expanding its global footprint. The company has expanded business opportunities in South Korea through the filing of a DMF pertaining to one additional...